Caseys General Stores Inc (CASY)

Days of inventory on hand (DOH)

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Inventory turnover		28.50	33.64	27.25	24.02	29.79
DOH	days	12.81	10.85	13.39	15.19	12.25

April 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 28.50
= 12.81

The days of inventory on hand (DOH) for Caseys General Stores Inc has shown fluctuation over the past five years. In the most recent fiscal year ending on April 30, 2024, the company had an inventory turnover rate of 12.81 days, representing a slight increase from the previous year's figure of 10.85 days. This indicates that Caseys General Stores Inc was able to sell through its inventory slightly slower in 2024 compared to 2023.

Looking back at the trend over the past five years, we observe that the DOH was highest in the fiscal year ending on April 30, 2021, at 15.19 days, and lowest in the year ending on April 30, 2023, at 10.85 days. These fluctuations suggest varying levels of efficiency in managing inventory over the years.

Overall, a higher DOH implies that Caseys General Stores Inc takes longer to sell through its inventory, which may tie up working capital and increase holding costs. Conversely, a lower DOH indicates a faster inventory turnover, potentially signaling effective inventory management and improved liquidity. Further analysis, in conjunction with other financial metrics, would provide a more comprehensive understanding of the company's operational performance and financial health.